If you have ever been fired, laid off, or asked to leave you job, you know that the resulting effects can be detrimental. There is the actual loss of income yes, but for most of us, there is also a loss of some part of our identity. We tend to associate who we are with what we do, so when we are no longer valued as a part of the team, we also need to deal with the emotional and psychological impact to our identity. This can be the hardest part to overcome. How do you dig yourself out of a job loss?
If you have experienced job loss, you need to make a realistic plan for recovering or a career transition plan. Your career transition plan should include: 1) time allocation for daily job search activities; 2) how you plan to deal with job rejection; 3) analyzing your current skill set, and; 4) determining what new skills need to be gained. Your plan for overcoming a skills gap could be anything from furthering education through a skills development workshops or maybe even returning to school (Ronzio (2012).
Another key to success is your belief in yourself. Individuals with high self-efficacy believe that they control their own lives and the associated outcomes especially when faced with a forced career transition. High levels of self-efficacy can be developed, maintained, and influenced by learning experiences such as those found in business curriculum, career related seminars and career counseling. Individuals with high self-efficacy have higher success rates for overcoming job loss quickly (Hallam, Hallam, Rogers, & Azizi, 2009).
As part of creating a realistic career transition plan, you also need to consider some current trends. According to the U.S. Department of Labor, employment in healthcare continued its upward trend in May (+16,000) and the healthcare industry overall has added 391,000 jobs over the past 12 months (Employment Situation Summary, 2019). That’s great news for those of us in healthcare or trying to transition into healthcare! So how long does it take to recover from job loss? The average time for someone to find work (or to be unemployed) was about 24 weeks or about 6 months (Unemployed persons by duration of unemployment, 2019). In analyzing your own situation, you should create realistic expectations for your job search and consider this average time frame in your plan for recovering from unemployment.
Your belief in yourself and your career transition plan will help you recover from job loss. Strongly consider this research in your plan for recovery. Do you need to create a new skill set? Do you need to go back to school? Do you need to work on your own self-efficacy? I can help you create a plan if you are facing potential job loss or are currently trying to recover!
Something good is about to happen!
Hallam, S. F., Hallam, T. A., Rogers, T. E., & Azizi, H. (2009). Preparedness for mid-career transitions: examining current practices in management education. Academy of Educational Leadership Journal, (4).
Ronzio, C. R. (2012). Counseling issues for adult women in career transition. Journal of Employment Counseling, (2), 74.
Employment Situation Summary. (2019, June 7). Retrieved from U.S. Bureau of Labor Statistics: https://www.bls.gov/news.release/empsit.nr0.htm
Unemployed persons by duration of unemployment. (2019, June 7). Retrieved from U.S. Bureau of Labor Statistics: https://www.bls.gov/news.release/empsit.t12.htm